inflation gauge that held good news for american consumers and fed showing inflation cooling in the month of may, slightly, after a few hot readouts in the few first months of the year. at 3.3% the yearly price increase was lower than expected and slower than the increase we saw in april. the data actually showed no change month to month from april to may. the core inflation rate which excludes volatile food and energy prices cooled as well. that is the kind of news federal reserve officials are looking for. but it was not enough to warrant an interest rate cut. we it was not enough to warrant an interest rate cut. interest rate cut. we have seen the report interest rate cut. we have seen the report today interest rate cut. we have seen the report today as interest rate cut. we have seen the report today as progress i the report today as progress and as the report today as progress and as building confidence, but we do and as building confidence, but we do not and
you re watching bbc news, broadcasting to viewers in the uk and around the world. we begin in the middle east and the us secretary of state has said that american and other mediators will work over the coming days to see if they can reach an agreement for a ceasefire in gaza. the us has come up with a plan, but there s a blame game about why it hasn t been accepted. speaking in qatar on his latest trip to the region antony blinken said that israel had agreed to the deal, but hamas had proposed a number of changes, some of which he described as unworkable. but a senior hamas official has denied this, saying they did not put forward new demands, and are still committed to the proposal. hamas claims israel has rejected the deal and argues america is covering up for its ally. israel has not commented. let s take a look at the plan, which involves three phases. the first would see an initial six week ceasefire, when hamas would release some of the hostages including women, t